NASDAQ:MRVL

Marvell Technology Group Stock Forecast, Price & News

Followed 124 Times

$52.62

-0.87 (-1.63 %)

(As of 01/22/2021 12:00 AM ET)

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Today's Range

$52.58

Now: $52.62▼

$53.37

50-Day Range

$42.56

MA: $47.41▼

$54.08

52-Week Range

$16.45

Now: $52.62▼

$55.70

Volume6.32 million shs

Average Volume9.00 million shs

Market Capitalization$35.35 billion

P/E Ratio24.14

Dividend Yield0.45%

Beta1.17

Marvell Technology Group Ltd. designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; custom application specific integrated circuits; and printer SoC products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. The company was founded in 1995 and is headquartered in Hamilton, Bermuda.

MarketRank^™

Overall MarketRank^™

2.17 out of 5 stars

Computer And Technology Sector

31st out of 1,506 stocks

Semiconductors & Related Devices Industry

5th out of 147 stocks

2.4 Analyst's Opinion

Consensus Rating
Marvell Technology Group has received a consensus rating of Buy. The company's average rating score is 2.81, and is based on 22 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $48.12, Marvell Technology Group has a forecasted downside of 8.6% from its current price of $52.62.
Amount of Analyst Coverage
Marvell Technology Group has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Marvell Technology Group has received 1,310 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Marvell Technology Group has received 1,199 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Marvell Technology Group has received 52.21% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote “Outperform” if you believe MRVL will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Marvell Technology Group has a dividend yield of 0.45%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Marvell Technology Group has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Marvell Technology Group is 75.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Marvell Technology Group will have a dividend payout ratio of 24.00% next year. This indicates that Marvell Technology Group will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Marvell Technology Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,351,989.00 in company stock.
Percentage Held by Insiders
Only 0.29% of the stock of Marvell Technology Group is held by insiders.
Percentage Held by Institutions
87.32% of the stock of Marvell Technology Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Marvell Technology Group are expected to grow by 72.41% in the coming year, from $0.58 to $1.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Marvell Technology Group is 24.14, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Marvell Technology Group is 24.14, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 84.99.
Price to Earnings Growth Ratio
Marvell Technology Group has a PEG Ratio of 4.41. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Marvell Technology Group has a P/B Ratio of 4.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustrySemiconductors

SectorComputer and Technology

Current SymbolNASDAQ:MRVL

Previous Symbol

CUSIPG5876H10

CIK1058057

Webwww.marvell.com

Phone441-296-6395

Employees5,633

Debt

Debt-to-Equity Ratio0.12

Current Ratio1.42

Quick Ratio1.19

Price-To-Earnings

Trailing P/E Ratio24.14

Forward P/E Ratio90.72

P/E Growth4.41

Sales & Book Value

Annual Sales$2.70 billion

Price / Sales13.10

Cash Flow$1.26 per share

Price / Cash Flow41.72

Book Value$13.09 per share

Price / Book4.02

Profitability

EPS (Most Recent Fiscal Year)$0.32

Net Income$1.58 billion

Net Margins51.19%

Return on Equity3.76%

Return on Assets2.91%

Miscellaneous

Outstanding Shares671,800,000

Market Cap$35.35 billion

Next Earnings Date3/3/2021 (Estimated)

OptionableOptionable

$52.62

-0.87 (-1.63 %)

(As of 01/22/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

How has Marvell Technology Group's stock price been impacted by COVID-19?

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MRVL shares have increased by 139.1% and is now trading at $52.62.
View which stocks have been most impacted by COVID-19.

Is Marvell Technology Group a buy right now?

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 5 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Marvell Technology Group stock.
View analyst ratings for Marvell Technology Group or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Marvell Technology Group?

Wall Street analysts have given Marvell Technology Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Marvell Technology Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Matt Murphy's approval rating as Marvell Technology Group's CEO?

247 employees have rated Marvell Technology Group CEO Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among Marvell Technology Group's employees.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Wednesday, March 3rd 2021.
View our earnings forecast for Marvell Technology Group.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its earnings results on Wednesday, December, 2nd. The semiconductor company reported $0.25 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.25. The semiconductor company had revenue of $750.10 million for the quarter, compared to the consensus estimate of $751.01 million. Marvell Technology Group had a trailing twelve-month return on equity of 3.76% and a net margin of 51.19%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share.
View Marvell Technology Group's earnings history.

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group declared a quarterly dividend on Wednesday, December 2nd. Stockholders of record on Wednesday, December 23rd will be paid a dividend of $0.06 per share on Thursday, January 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Tuesday, December 22nd.
View Marvell Technology Group's dividend history.

Is Marvell Technology Group a good dividend stock?

Marvell Technology Group pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.45%. Marvell Technology Group does not yet have a strock track record of dividend growth. The dividend payout ratio of Marvell Technology Group is 75.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Marvell Technology Group will have a dividend payout ratio of 24.00% next year. This indicates that Marvell Technology Group will be able to sustain or increase its dividend.
View Marvell Technology Group's dividend history.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group updated its fourth quarter earnings guidance on Thursday, December, 3rd. The company provided EPS guidance of $0.25-0.33 for the period, compared to the Thomson Reuters consensus estimate of $0.28. The company issued revenue guidance of $745.75-824.5 million, compared to the consensus revenue estimate of $786.40 million.

What price target have analysts set for MRVL?

27 brokers have issued 12 month target prices for Marvell Technology Group's shares. Their forecasts range from $32.00 to $60.00. On average, they expect Marvell Technology Group's stock price to reach $48.12 in the next year. This suggests that the stock has a possible downside of 8.6%.
View analysts' price targets for Marvell Technology Group or view Wall Street analyst' top-rated stocks.

Who are some of Marvell Technology Group's key competitors?

Some companies that are related to Marvell Technology Group include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), SunPower (SPWR) and Silicon Laboratories (SLAB).
View all of MRVL's competitors.

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), salesforce.com (CRM), The Walt Disney (DIS), Cisco Systems (CSCO) and Square (SQ).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the following people:

Mr. Matthew J. Murphy, Pres, CEO & Director (Age 48, Pay $1.61M)
Ms. Jean Hu, Chief Financial Officer (Age 58, Pay $746.16k)
Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 61, Pay $701.33k)
Mr. Daniel Christman, Exec. VP of Storage Bus. Group (Age 49, Pay $670.79k)
Mr. Syed B. Ali, Advisor (Age 62, Pay $24.07k)
Mr. Raghib Hussain, Exec. VP of Networking & Processor Group and Chief Strategy Officer (Age 49, Pay $858.02k)
Dr. Sehat Sutardja, Co-Founder (Age 59)
Ms. Weili Dai, Co-Founder (Age 59)
Mr. Andrew J. Micallef, Exec. VP & COO (Age 56)
Mr. Willem A. Meintjes, Chief Accounting Officer (Age 41)

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Frontier Capital Management Co. LLC (0.27%), Wedge Capital Management L L P NC (0.13%), Columbus Circle Investors (0.07%), Scout Investments Inc. (0.07%), Paradigm Capital Management Inc. NY (0.03%) and Gateway Investment Advisers LLC (0.02%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill and Willem A Meintjes.
View institutional ownership trends for Marvell Technology Group.

Which institutional investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Wedge Capital Management L L P NC, Gateway Investment Advisers LLC, Candriam Luxembourg S.C.A., Paradigm Capital Management Inc. NY, Columbus Circle Investors, State of Alaska Department of Revenue, and Scout Investments Inc.. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Richard Hill, and Willem A Meintjes.
View insider buying and selling activity for Marvell Technology Group or view top insider-selling stocks.

Which institutional investors are buying Marvell Technology Group stock?

MRVL stock was bought by a variety of institutional investors in the last quarter, including Benson Investment Management Company Inc., Deltec Asset Management LLC, Louisiana State Employees Retirement System, Pacer Advisors Inc., Journey Advisory Group LLC, Kestra Private Wealth Services LLC, IFM Investors Pty Ltd, and Breiter Capital Management Inc..
View insider buying and selling activity for Marvell Technology Group or or view top insider-buying stocks.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $52.62.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $35.35 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is www.marvell.com.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]

This page was last updated on 1/23/2021 by MarketBeat.com Staff

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